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Discount

Dollar General

718 E Main St, La Harpe, IL 61450

Listing Price: $1,175,245

Cap Rate
6.97%
Tenant Name
Dollar General
Years Remaining On Lease
3.0
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$129.15
Lease Type
Absolute Net
Rent Per Square Feet
$9.00

Investment Overview

Marcus and Millichap is pleased to present for sale this build to suit property leased to Dollar General located in La Harpe IL. The assets benefits from an absolute NNN lease backed by a corporate guarantee from Dollar general and commands a dominating presence in the local market with zero competition. Investors benefit from strong cashflow, no landlord responsibilities, a seasoned and proven location, all while offered at a low purchase price.

Investment Highlights

  • Absolute NNN Lease with no Landlord Responsibilities
  • Low Price Point Store - Ideal for 1031 clients coming out of a smaller exchange. The store benefits from a lower than average rent for typical Dollar Generals.
  • Local Market Dominance - Closest grocery store is 20 miles away. This Dollar General has complete market share and is the one stop shop for all essentials.
  • Strong Corporate Guarantee - Dollar General has an Investment Grade Credit Rating of BBB by the S&P

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Discount

Dollar General

Listing Price: $1,175,245

Cap Rate
6.97%
Tenant Name
Dollar General
Years Remaining On Lease
3.0
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$129.15
Lease Type
Absolute Net
Rent Per Square Feet
$9.00

Investment Highlights

  • Absolute NNN Lease with no Landlord Responsibilities
  • Low Price Point Store - Ideal for 1031 clients coming out of a smaller exchange. The store benefits from a lower than average rent for typical Dollar Generals.
  • Local Market Dominance - Closest grocery store is 20 miles away. This Dollar General has complete market share and is the one stop shop for all essentials.
  • Strong Corporate Guarantee - Dollar General has an Investment Grade Credit Rating of BBB by the S&P

Investment Overview

Marcus and Millichap is pleased to present for sale this build to suit property leased to Dollar General located in La Harpe IL. The assets benefits from an absolute NNN lease backed by a corporate guarantee from Dollar general and commands a dominating presence in the local market with zero competition. Investors benefit from strong cashflow, no landlord responsibilities, a seasoned and proven location, all while offered at a low purchase price.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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